Presenting a rare opportunity to acquire a 20-unit multifamily asset at 6431 Monterey Road, ideally located in the highly desirable Hermon neighborhood of Northeast Los Angeles. Nestled between the vibrant community of Highland Park and just one block from the charming city of South Pasadena, this property offers an exceptional location with convenient access to neighborhood amenities, transit options, and major freeways. The building features an excellent unit mix of one-bedroom and two-bedroom units, with both one and two-bathroom layouts. In a rental market known for its extremely low turnover, properties in this pocket seldom come to market, making this a truly unique investment opportunity. The current ownership has implemented a RUBS (Ratio Utility Billing System) program, creating a path for additional income on future vacancies. Structural improvements include the completion of the mandatory soft-story seismic retrofit, offering peace of mind and compliance for prospective buyers. Several units have been refurbished, and the property is fully parked with a total of 20 parking spaces"”10 open and 10 tuck-under. There is also potential for ADU development (buyer to verify). Additional amenities include an on-site laundry facility and significant upside in rents, making 6431 Monterey Road an ideal value-add opportunity in one of L.A.'s tightest submarkets.
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DAYS ON MARKET
|
5
|
LAST UPDATED
|
6/3/2025
|
|
YEAR BUILT
|
1964
|
COMMUNITY
|
632 - Highland Park
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
632 - Highland Park |
| HEAT |
Wall Furnace |
| LOT |
0.3343 acre(s) |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
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Listed with Keller Williams Realty/Pasadena
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/8/25 6:36 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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